GOTXX

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Posting here as apparantly I don't have enough karma? # Tax Free Municipal Bonds For Higher Safe Returns I'm aware that municipal bonds can fluctuate enough to cause a loss, but am considering putting a bunch of cash into VMATX to take advantage of the tax free federal and state returns. My income puts me at a 32% federal tax bracket and I am estimating an equivalent annual return of 5.9% (account for the tax advanatge). I plan to keep the money there for at least 3 yrs. Does anybody go for municipal bonds like this and are there better relatively safe options you would consider? Does the current economy make the muni bonds risky? I was previously putting money into GOTXX.